 Just a curious. what if ur only income is from interest from a bank? do u still need to file? |
| let said ur only income is from the bank interest. and the interests u earn is $50,000/year. do you still need to pay/file a tax return? and how much tax would that be? roughly 33%? how about $50... |
|
 Are businesses required by law to mail you your W-2 by Jan. 31st? |
| I called the place I used to work at and gave the new manager my new address so I could get my W-2. I live 4 hours from where I used to work. She agreed to mail it too me as soon as she received ... |
|
 Anyone received tax rebate stimulus checks by mail yet? |
| if so, what are the last 2 didgets...i am really anticipating this money as well as most of you are to...... |
|
 Are state tax withholdings based on where you live or work? |
| My husband works for an oilfield company here in New Mexico. Yet, one of the company's rig's, that he works on, is located in Colorado. I was looking over his newest paycheck stub and ... |
|
 How will I get my rebate? |
I went direct deposit but the tax place deducted their money from my return. Will I have to wait on a check and also do they deposite the money every so many hours or something? Does anyone know?
<... |
|
 This morning we received a US TREASURY 220 TAX REFUND, for the amount of $1,397.60. This morning? |
| We got our taxes back in the begining of feb, and this amount doesnt fit the stimulus check we have 2 adults and 2 kids and made like 40k. social ending in 16.... |
|
 Do you have to show the profit you make on your house selling for taxes? |
| When you sell your primary place of residence (lived there 10 years), do you have to include the money you made on the sale after property taxes are paid and the mortgage on your income taxes? Is it ... |
|
 Do I have to be claimed by my spouse? |
My dad payed for my school all of 2006, while sending me 500 spending money each month. I had been living with my fiance for the past year, and finally got married in November 06.
I feel that ... |
|
 Should India abolish personal income tax? |
| Only a few % of the population actually pay taxes. The revenue contribution is very low from this source. If the tax is abolished what will be the impact on the economy?... |
|
 Direct question about rebate, YES or NO answers!? |
Has anyone who filed with Turbo Tax and had the fees deducted from their return and had it direct deposited to your account received their rebate yet?
Additional Details
Responses like ... |
|
 Tax and National Insurance to the Government.? |
Do you think its fair to pay £75.61p A WEEK tax to the government. That £75.61 a week is made up of PAYE Tax and National Insurance.
Cause i think its daylight robbery.... |
|
 Got new job old one wont give time off for course needed? |
| can u help need time off my job to do couse for new job,,,, they said no ,i said wanted it off for other reasion ,,,now gave notice in to end thursday an they replyed,,,,,, u have got to work a ... |
|
|  |
Paolo D | Can anyone please tell me how much £ 15 000 is in terms of actual wage? |
i have these two interviews for two different jobs (one is for an insurance company and the other one is for the royal bank of scotland, which if you like you can say something you know about it, thanks) The first insurance job is £ 15,000 per annum pro rata -- Now i know that's gross and still have to get the taxes off of it. But how much does that actually amount in terms of real wages? The second job is for the Royal Bank of Scotland: £ 12,400 to £ 17,000 pro rata per annum. How much is the taxation for national insurance or pension for that one? I know this is isn't very helpful because you don't know my personal professional backgroud. But if it helps, I'm a 20-year old professional who's been working in Italy for 1 year and now i moved to England. And the first job i had in England was a receptionist in a hotel for 2 weeks. Hope that gives you an idea of how to calculate that. If you don't know the answer please don't insult or waste ppl's time by giving useless answers thank you |
 |
 
spook542
|
As already mentioned 15k is about £1000 per month and 17k is roughly £1200 per month after tax.
However you say it's pro rata, this is normally applied to part time jobs. Is it a part tiem job you're going for?
If so you have to make an adjustment for the number of hours you will actually be working.
For example if the working week is 40 hours and your job is for 20 hours you'll only get 20/40 (1/2) of the full wage. |
|
Count Pont du Chardon
 |
As a general rule of thumb your take home pay, would be about 3/4 of your basic. I would urge you (as boring as it sounds to at your young age) to start paying into a pension scheme either run by the company or privately. Starting younger means you'll get better rewards later. As I doubt there will be a state pension when you retire |
|
Ben Head
|
mate. pro rata is a crap way to get paid.Pro rata is the latin for 'proportionally' or a 'proportion of'. It means that the salary quoted is what a full timer would receive for the same job. Your salary will be calculated according to what proportion of a full-time job your hours make up. For example, if the salary is quoted at £18,000 pro rata (based on a full time week of 40 hours) and you are working 30 hours per week, you will be paid an annual salary of £13,500.
people like music teachers are pro rata so they dont get paid in school holidays etc.
anyway....regarding tax
u pretty much dont pay tax on your first £4000 earnt per year
the worst tax u can get at our age is around 24% per month
so the simple way I predict how much tax and ni etc overall per month is;
wage/12*0.24
so if you earn't £15000 (solidly, not pro-rata) you would get £1250 and lose £300 to tax/ni!!!
but seriously, I wouldn't take pro-rata pay unless you have a specific reason for doing it that way. |
|
Croxx
|
Try this! |
|
Mummy 2B DEC 10th !
|
£15k a year is £1003 a month after tax
£17k is around £1100 a month after tax |
|
Shy Ted
 |
Assuming your tax code is 543L for the tax year 2008/09 (which starts April 6th) your monthly take home pay on the £15k p.a. assuming no pension or student loan or other similar deductions should be around £1,003 rounded to the nearest pound and if you earn £17k gross it would be approx £1,103.
Hope you get the job! |
|
ingramfamily08
|
the first job is £312.50 a week (Before tax).. and the second job is £354 a week before tax if it was on 17000, tax is individual depending on your circumstances.. So youd have to find that out yourself! |
|
Maz
 |
If your one £15K pa you will probably take home just under £1000 a month, it works out at £1250.00 top line. The other will depend on what the start you at.
Good luck with the interviews. |
|
dzerjb
 |
It's the "pro rata" bit that's a problem. It means the jobs are considered part-time. Unless you know how many hours you'll be working each week, & what each employer considers to be full-time hours, it's only guesswork. So here goes.
£15,000 = £1250 per calendar month or £288 per week
£12,400 = £1033 per calendar month or £238 per week
In any job, they'll always start you on the lowest end of the wage scale so ignore the £17,000 per annum bit.
In Britain the standard working week is about 35 - 40 hours. The more junior you are, the higher the number of hours is "full time", so I'll use the 40 hour figure.
£15,000 = £7.20 per hour
£12400 = £5.90 per hour.
Multiply those figures by the number of hours you'll be contracted to work. Don't expect to get paid more simply because you work more hours. Most employers just take that for free. |
|
Dr_Ed. BA.MA
 |
Here are some accurate figures for you for the tax year 2008-2009. This first one is for £15000.
Wage Summary Yearly Monthly Weekly
Gross Pay 15,000.00 1,250.00 288.46
Tax free Allowances 5,225.00 435.42 100.48
Total taxable 9,775.00 814.58 187.98
Tax paid 1,882.90 156.91 36.21
National Insurance 1,078.00 89.83 20.73
Total Deductions 2,960.90 246.74 56.94
Net Wage £12,039.10 £1,003.26 £231.52
Any other calculations you want, just drop me an email and I can give you EXACT FIGURES.
I have chosen the £15,000 as it is in between the 12K and 17K figures you mentioned for RBS.
All the best for now
Edward |
|
old c programmer
|
I suggest that it would be better to take the job with the Royal Bank of Scotland, even if the annual salary is slightly less.
15,000 pounds is not much to live on. It is a low income job, but enough to pay rent and live decently. However, you are only 20 years old. If you are working at that age, I am guessing you did not attend college. A college student would start at a higher salary maybe, but would not begin working until age 23.
Try very hard to save 1,000 pounds each year, and invest it. You will feel different about life 10 to 15 years from now, when you have substantial savings.
You should take the job expecting that you will get small annual increases, and a promotion with salary jump in two to three years. It is fair to ask questions from the employer, what possibilities there are for your career path with them.
When you take a job, you should stick to it for a year or two. It usually takes about two years for someone to get really good at a job. Even so, you can continue job searching even while you are working. It is fair for you to leave a job if you are offered a better one. If the company you are working for had a down turn in business, they would fire you if they needed to cut jobs. That's why you should always be aware of how profitable is the company you are working for. If the business is profitable, your job will be continued and you can find promotions and salarly increases. If the company is not profitable, no matter how good the job seems, it won't last.
At your age, training and skill development are the real key to a good career. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
11 | 30 minutes(s) ago
| | | |
11 | 32 minutes(s) ago
| | | |
11 | 2 hour(s) ago
| | | |
11 | 6 hour(s) ago
| | | |
11 | 8 hour(s) ago
| | | |
11 | 9 hour(s) ago
| | | |
11 | 10 hour(s) ago
| | | |
11 | 11 hour(s) ago
| | | |
10 | 1 day(s) ago
| | | |
11 | 4 day(s) ago
| |
|
Homepage 
Financial
Forum 
Taxes 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
